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County44th of 83 in Michigan by approvalsFIPS 26133
SBA loans in Osceola County, Michigan
7(a) and 504 approvals to businesses located in the county, set against the number of businesses there and against the state.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
Businesses in Osceola County, Michigan, received 35 SBA loan approvals worth $13.1M in FY2021 to FY2025 (34 7(a), 1 504).
That is 79.4 approvals per 1,000 business establishments (441 establishments in 2023), above the Michigan figure of 55.8 and above the national 41.0.
It ranks 44th of 83 Michigan counties with approvals. In FY2025 there were 8, down 27% on FY2024.
10 lenders had approvals here; the most active were The Huntington National Bank (24), First Internet Bank of Indiana (2) and Nicolet National Bank (2). The most common industry was automotive repair and maintenance.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.
Lenders most active in Osceola County
By number of approvals to businesses in the county, FY2021–FY2025; 10 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 24 | $2.3M | 68.6% | |
| 2 | First Internet Bank of IndianaFishers, IN | 2 | — | 5.7% | |
| 3 | Nicolet National BankGreen Bay, WI | 2 | — | 5.7% | |
| 4 | Great Lakes Commercial FinanceGrandville, MI · CDC | 1 | — | 2.9% | |
| 5 | First Federal Savings and Loan Association of LakewoodLakewood, OH | 1 | — | 2.9% | |
| 6 | Byline BankChicago, IL | 1 | — | 2.9% | |
| 7 | Newtek Bank, National AssociationMiami, FL | 1 | — | 2.9% | |
| 8 | Harvest Small Business Finance, LLCLaguna Hills, CA | 1 | — | 2.9% | |
| 9 | Celtic Bank CorporationSalt Lake City, UT | 1 | — | 2.9% | |
| 10 | Newtek Small Business Finance, Inc.Lake Success, NY | 1 | — | 2.9% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Automotive Repair and MaintenanceNAICS 8111 | 3 | 8.6% | |
| 2 | Services to Buildings and DwellingsNAICS 5617 | 3 | 8.6% | |
| 3 | Plastics Product ManufacturingNAICS 3261 | 2 | 5.7% | |
| 4 | Building Material and Supplies DealersNAICS 4441 | 2 | 5.7% | |
| 5 | Utility System ConstructionNAICS 2371 | 2 | 5.7% | |
| 6 | Restaurants and Other Eating PlacesNAICS 7225 | 2 | 5.7% | |
| 7 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 2 | 5.7% | |
| 8 | Architectural, Engineering, and Related ServicesNAICS 5413 | 2 | 5.7% | |
| 9 | Offices of Real Estate Agents and BrokersNAICS 5312 | 2 | 5.7% | |
| 10 | General Merchandise Stores, including Warehouse Clubs and SupercentersNAICS 4523 | 1 | 2.9% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 9 | 25.7% | |
| 2 | Manufacturing | 5 | 14.3% | |
| 3 | Construction | 5 | 14.3% | |
| 4 | Other Services (except Public Administration) | 4 | 11.4% | |
| 5 | Administrative and Support and Waste Management and Remediation Services | 3 | 8.6% | |
| 6 | Accommodation and Food Services | 2 | 5.7% | |
| 7 | Health Care and Social Assistance | 2 | 5.7% | |
| 8 | Professional, Scientific, and Technical Services | 2 | 5.7% |
Approvals by fiscal year
| Fiscal year | 7(a) approvals | 7(a) dollars | Median 7(a) | 504 approvals | 504 dollars | All approvals | Jobs supported, as reported |
|---|---|---|---|---|---|---|---|
| FY2026* | 2 | — | — | 0 | — | 2 | 14 |
| FY2025 | 8 | $1.1M | $125K | 0 | — | 8 | 33 |
| FY2024 | 11 | $6.0M | $50K | 0 | — | 11 | 85 |
| FY2023 | 4 | $1.5M | $43K | 0 | — | 4 | 84 |
| FY2022 | 7 | $1.8M | $50K | 0 | — | 7 | 27 |
| FY2021 | 4 | $1.3M | $186K | 1 | — | 5 | 57 |
| FY2020 | 5 | $243K | $30K | 0 | — | 5 | 2 |
| FY2019 | 7 | $471K | $25K | 0 | — | 7 | 59 |
| FY2018 | 2 | — | — | 0 | — | 2 | 3 |
| FY2017 | 3 | $1.4M | $150K | 0 | — | 3 | 39 |
| FY2016 | 3 | $345K | $135K | 0 | — | 3 | 36 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 20 approvals.
Against Michigan and the country
| FY2021–FY2025 | Osceola County | Michigan | United States |
|---|---|---|---|
| Approvals | 35 | 12,809 | 342,825 |
| Approvals per 1,000 establishments | 79.4 | 55.8 | 41.0 |
| Median 7(a) approval | $50K | $125K | $190K |
| Median 504 approval | — | $540K | $657K |
| Average approval | $375K | $415K | $573K |
| 504 share of approvals | 2.9% | 6.7% | 11.0% |
| Jobs supported per approval, as reported | 8.2 | 9.4 | 10.5 |
| Share of state approvals | 0.3% | 100.0% | — |
Approval sizes
- $50,000 or less51.4%18
- $50,001 to $150,00011.4%4
- $150,001 to $350,00014.3%5
- $350,001 to $1 million14.3%5
- $1 million to $2 million5.7%2
- Over $2 million2.9%1
Age of the businesses
- Existing, more than 2 years old77.1%27
- New business, 2 years or less8.6%3
- Startup, loan funds will open the business11.4%4
- Change of ownership2.9%1
Questions and answers
Which lenders make the most SBA loans in Osceola County?
By approvals in FY2021 to FY2025: The Huntington National Bank (24), First Internet Bank of Indiana (2), Nicolet National Bank (2), Great Lakes Commercial Finance (1), First Federal Savings and Loan Association of Lakewood (1). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Osceola County?
The median 7(a) approval was $50K; the Michigan 7(a) median was $125K.
Which industries get the most SBA loans in Osceola County?
Automotive Repair and Maintenance (3); Services to Buildings and Dwellings (3); Plastics Product Manufacturing (2); Building Material and Supplies Dealers (2); Utility System Construction (2).
Is SBA lending in Osceola County rising?
Approvals in the three latest complete fiscal years total 23, against 17 in the three before: rising (+35%).
How does Osceola County compare with the rest of Michigan?
79.4 approvals per 1,000 establishments against 55.8 statewide, and 35 of the state's 12,809 approvals.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Establishment counts are from the Census Bureau's County Business Patterns 2023, which leaves out most farms, government and businesses without employees. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error